Your VantageScore reason code report

Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.

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RP: Time since oldest revolving account opened is too recent

Explanation:

Revolving accounts allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. Your oldest revolving credit account is still too new. A credit file containing older accounts will have a positive impact on your credit score because it demonstrates that you are experienced managing credit.

What you can do:

Don’t open more accounts than you actually need. Research shows that new accounts indicate greater risk. Your score will benefit as your accounts get older.

A HIGHER LEVEL OF CONFIDENCE

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